New Issue: CIBC prices $3.85 million 7.25% trigger callable yield notes linked to Stoxx, Russell

Chicago, Feb. 1 – Canadian Imperial Bank of Commerce priced $3.85 million of 7.25% trigger callable yield notes due April 15, 2025 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing index finishes below its 65% downside threshold level, in which case investors will be fully exposed to the index’s decline.

CIBC Capital Markets and UBS Financial Services Inc. are the agents.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Trigger callable yield notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index
Amount:	$3,848,700
Maturity:	April 15, 2025
Coupon:	7.25% annual rate, payable monthly
Price:	Par of $10
Payout at maturity:	If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to least performing index’s decline from its initial level
Call option:	At par on any monthly call date after three months
Initial levels:	1,970.261 for Russell, 4,468.98 for Stoxx
Downside threshold levels:	1,280.67 for Russell, 2,904.84 for Stoxx; 65% of initial levels
Pricing date:	Jan. 10
Settlement date:	Jan. 16
Agents:	CIBC Capital Markets and UBS Financial Services Inc.
Fees:	1%
Cusip:	13608P483

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